According to Galt & Taggart, Tbilisi’s residential real estate market recorded strong performance in the first quarter of 2026, with 10,907 apartment transactions worth a total of $958 million. The number of deals increased by 16% year-on-year, while the overall market size grew by 23.1%, reflecting continued strong demand in the capital.
In March alone, 4,121 apartments were sold. The secondary market showed particularly strong growth, rising 26.9% year-on-year, while the primary market increased by 36%, partly due to delayed registrations. Overall, both segments remained on an upward trajectory, with secondary-market activity reaching one of its highest levels since 2022.
On the supply side, Galt & Taggart notes that the residential area covered by issued construction permits has been declining for six consecutive months, falling 29.9% in the first quarter. This tightening supply environment has contributed to continued price growth in the market.
Rental prices also remained elevated in March, averaging $9.9 per square meter for mid-sized apartments, while rental yields stood at 8.5%. Analysts say the market is being shaped by strong demand alongside a gradual slowdown in new supply.
